But, having no headaches with income-producing residential re is a pipe dream.

My goal is to get at least my initial investment back and have a property producing at least 200 pcf each month.Please let me know if this is a solid strategy what some of my next steps are.

My current methods which consist of pre-negotiated short sales prior to hitting MLS are not able to meet the demands of my investors I'm simply not able to produce enough properties on a monthly basis.I stumbled upon these forums in my search - I learned about wholesaling (which I am totally unfamiliar with I might add) in hopes of learning another way / developing a new strategy in which to achieve this.

Few of them could produce any income, none would produce much.

Each produces about $1,000 monthly rental income, but I'm trying to figure out if they are indeed "taking ground that I can't lose".Your advice on starting small an make small mistakes at first appears sound, though.

If you want to be a "capitalist" and live off the income your money produces, you need a lot of money.Many people do exactly what Brian Mathews is saying.

I am reminded of two investors who thought they were buying large cash flow producers.

A good letter to these three owners could produce some solid deals.

This means you have to produce a prospectus and subscription documents with all the terms and conditions spelled out.

Flipping options requires attention on your part to produce the income, that means, subject to UBIT.